Comments on: Find the Best Online Savings Accounts

By: money funk

money funk — Fri, 12 Feb 2010 16:57:36 +0000

Glad I could help! I know that alot of them are down right now, but the ones listed had strong high rates in the past. If you sign up, let me know how your experience goes with them.

By: money funk

money funk — Fri, 12 Feb 2010 16:56:27 +0000

I am glad to hear your great experiences with HSBC.

And I closed my BofA due to all the issues I had with them. So glad to rid of using their services. Thank you for stopping by!

By: Dallas Dollars

Dallas Dollars — Thu, 11 Feb 2010 21:26:13 +0000

I found this info very helpful! I’ve been looking to save some money for a few trips that i want to take this year. I will look into all of them and I’ll see which one works best for me.

By: Colleen

Colleen — Wed, 10 Feb 2010 00:40:27 +0000

I have my online savings with HSBC and have been VERY happy. I have another savings with BofA and have been LESS than happy… I barely keep anything in it… just use to transfer to HSBC.

By: money funk

money funk — Tue, 09 Feb 2010 20:57:37 +0000

Glad to hear a first hand review. And that it is working well. The 3 days… just makes it more convienent not to touch the money and let it grow.

It will be nice when the rates climb back up. Another option is to look at a credit union. I just recieved an email for a 3.00% APY. Sweet. *considering*

By: money funk

money funk — Tue, 09 Feb 2010 20:53:04 +0000

Oh, I am trying to teach my kids about finances. And my son has his own account. But he still doesn’t understand why I put 10% of his allowance away in a savings. Hopefully, one day soon he will (he’ll be 18 in 2 1/2 yrs).

I believe the withdrawl time can be 3-5 days. So, if you need liquid funds it might be good to put a portion into a traditional account while the excess of funds gets held in a higher rate savings account. Excess funds…. wish I had some.

Hopefully, these one-day-passive activities will help me obtain some. And you’re welcome.

By: money funk

money funk — Tue, 09 Feb 2010 20:49:55 +0000

Hi JPKittie! Glad to see you around. The rates might be low, but as I pointed out… when the market does go back up I am sure we will see some nice rises in the rates; making much more sense to transfer that money into an online savings account. Good if you have cash brewing and it needs a good home.

By: money funk

money funk — Tue, 09 Feb 2010 20:48:16 +0000

You’re welcome, Forest. I remember the high rates, too. Unfortunately, I didn’t have $$ to put into them. LOL. And you need to have that EF. It really is a nice, safe feeling having it available.

By: Little House

Little House — Tue, 09 Feb 2010 18:52:25 +0000

I bank with Capital One, they are FDIC insured and making transfers between my checking and savings account is easy. The only drawback is that transfers take up to 3 business days. However, they offer checks and an ATM card for easy access to your money. Their savings rate is higher than my brick and mortar bank, so it works for me!

By: Moon Hussain

Moon Hussain — Tue, 09 Feb 2010 14:15:46 +0000

Christine,

After seeing the pitiful amount of how much money I accrued in my current savings account, I know I need to change banks or simply open up a new account. When I was younger, my parents handled everything, which leaves me pretty intimidated when handling financial matters on my own.

I wonder how online banks work if you want to withdraw money. Something I need to look into.

Thanks for bringing these options to us and reminding me that I need to take another look at my banking options!